Post Session-Sensex scales 29-K mark; advances 118 points
08/09/2016 16:29
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
Click Here & Register To Get 2 days Trial Tips
Indian equity benchmarks resumed their bullish journey on Thursday with the 30-share Sensex rallying over 100 points to close above the 29,000 mark after 17 months as optimism over the Indian economy and hopes of continued stimulus from global central banks bolstered risk taking appetite.
The 30-share BSE SENSEX closed at 29,045.28, up by 118.92 points or by 0.41 per cent and the NSE Nifty ended at 8,952.5, up by 34.55 points or by 0.39 per cent. The BSE Sensex touched intraday high of 29,077.28 and intraday low of 28,854.56. The NSE Nifty touched intraday high of 8,960.35 and intraday low of 8,896.
Shares of metal companies such as Tata Steel were boosted by improved China trade data, with the country being the largest metals consumer globally.
India’s economy may grow 7.5 per cent this fiscal, Dun & Bradstreet (D&B) said in a report, stressing that growth will be driven by improved investment climate, easier norms to do business and a better monsoon that may buoy consumption spending.
Dalal Street traders are also eying monetary policy decisions across the US, UK, Euro area and Japan this month. Further global central bank stimulus and a continued low interest rate regime may keep powering foreign fund inflows into Asia’s third biggest economy as risk appetite increases.
Sector-wise, Realty and Healthcare advanced 3.03 per cent and 2.2 per cent, respectively.
In the Asia front, stocks ended mixed amid caution ahead of the ECB policy meet with hopes that the Frankfurt-based central bank may boost QE as it cuts growth forecasts for the Euro area. Shanghai Composite and Hang Seng rose as China’s exports climbed for the sixth straight month in yuan terms, up by 5.9 per cent in August 2016. Japan’s Nikkei 225 fell as traders weighed speculation of a further cut in the Bank of Japan’s key policy rate this month.
08/09/2016 16:29
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
The 30-share BSE SENSEX closed at 29,045.28, up by 118.92 points or by 0.41 per cent and the NSE Nifty ended at 8,952.5, up by 34.55 points or by 0.39 per cent. The BSE Sensex touched intraday high of 29,077.28 and intraday low of 28,854.56. The NSE Nifty touched intraday high of 8,960.35 and intraday low of 8,896.
Shares of metal companies such as Tata Steel were boosted by improved China trade data, with the country being the largest metals consumer globally.
India’s economy may grow 7.5 per cent this fiscal, Dun & Bradstreet (D&B) said in a report, stressing that growth will be driven by improved investment climate, easier norms to do business and a better monsoon that may buoy consumption spending.
Dalal Street traders are also eying monetary policy decisions across the US, UK, Euro area and Japan this month. Further global central bank stimulus and a continued low interest rate regime may keep powering foreign fund inflows into Asia’s third biggest economy as risk appetite increases.
Sector-wise, Realty and Healthcare advanced 3.03 per cent and 2.2 per cent, respectively.
In the Asia front, stocks ended mixed amid caution ahead of the ECB policy meet with hopes that the Frankfurt-based central bank may boost QE as it cuts growth forecasts for the Euro area. Shanghai Composite and Hang Seng rose as China’s exports climbed for the sixth straight month in yuan terms, up by 5.9 per cent in August 2016. Japan’s Nikkei 225 fell as traders weighed speculation of a further cut in the Bank of Japan’s key policy rate this month.
